On January 1, 2022, Siewart, Inc. granted 18.0 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. The common shares have a market price of $7 per share on the grant date. Ignoring taxes, and assuming that Siewart has a December 31st year end, what is the effect of this grant on Siewart's 2023 earnings? (Round your answer to 1 decimal place.)

$0.

$126.0 million.

$31.5 million.

$18.0 million.